This is the type of life insurance is designed to protect your privacy for you and your family in a fixed period of time, usually 10, 20 or 30 years. In time the contract is in force, if the insured unfortunately died, the insurance company will pay the death benefit to the beneficiary has been designated.

A special feature of this insurance is the cost (premiums) are usually much lower than other types of life insurance policies other, help participants easy access but still get the important protection. However, because only in effect for a certain period of time, so if the contract expires without the insured is still alive, the contract will terminate and no cumulative value or a refund.

Outstanding advantages:

• Low cost, easy to join even if the average income.

• Financial protection in the critical phase, for example, while raising small children, debt repayment home loan, car loan, or for college tuition.

• The insurance amount is usually large compared to the cost spent, brings peace of mind that loved ones will be financially supported if the risk occurs.

Restrictions:

• The contract is only effective in a certain time limit, do not protect a lifetime.

• There is no surrender value, or accumulated as the type of life insurance lifetime.